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709 W. JEFFERSON ST. – 2 BEDROOMS, 1 BATH - $124,000.



709 W. JEFFERSON ST.

% Down	5%	10%	20%	30%
PRICE	$ 124,000.00	$ 124,000.00	$ 124,000.00	$ 124,000.00
MORTGAGE AMOUNT	117,800.00	111,600.00	99,200.00	86,800.00
DOWN PAYMENT	6,200.00	12,400.00	24,800.00	37,200.00
CLOSING COSTS	1,800.00	1,800.00	1,800.00	1,800.00
PREPAIDS	1,174.82	1,174.82	1,174.82	1,174.82
POINTS
*CASH REQUIRED	9,174.82	15,374.82	27,774.82	40,174.82
INTEREST RATE	6.750%	6.750%	6.750%	6.750%
Term	30 yr	30 yr	30 yr	30 yr
MONTHLY PAYMENT	$764.05	$723.84	$643.41	$562.98
REAL ESTATE TAXES (with deductions)	62.41	62.41	62.41	62.41
**HOMEOWNERS INSURANCE	75.00	75.00	75.00	75.00
***MORTGAGE INSURANCE	49.08	37.20	00.0	00.0
TOTAL PAYMENT	$950.54	$898.45	$780.82	$700.39
GROSS MONTHLY INCOME TO QUALIFY	$3,394.80	$3,208.74	$2,788.65	$2,501.41
GROSS ANNUAL INCOME TO QUALIFY	$40,737.58	$38,504.88	$33,463.76	$30,016.92

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*Cash required includes first year insurance premium.

Your lender will require this to be paid before the closing or at the closing.

**Homeowners Insurance can be purchased from the agent you choose.

The figure above is estimated. See your agent for an accurate quote based on the coverage you want.

***Mortgage Insurance is coverage for the lender in case you default. Coverage and premium payment plan vary

from lender to lender. While the figure above is a close estimate, the actual amount will be determined by your lender.

*Information is Subject to change without notice.*